AFRICAN DAWN ANNUAL REPORT 2018 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2018 74 Discontinued operations per segment 2018 R’000 Investment advisory and investment management R’000 Rentals of properties in possession R’000 Total R’000 Revenue 2,106 1,175 3,281 Cost of sales (15) - (15) Other income - - - Operating expenses (1,512) (1,572) (3,084) Operating profit/(loss) 579 (397) 182 Investment revenue 2 3 5 Depreciation on property, plant and equipment (17) (4) (21) Finance costs - (169) (169) Amortisation of intangible asset (684) - (684) Impairment of goodwill (485) - (485) Loss before tax (605) (567) (1,172) Tax 191 (10) 181 Loss for the year from discontinued operations (414) (577) (991) Equity loss on associate discontinued (156) - (156) Loss on sale of Knife Capital (426) - (426) Profit on sale of Grindstone 209 - 209 Comprehensive loss for the year from discontinued operations (787) (577) (1,364) Discontinued operations per segment 2017 R’000 Investment advisory and investment management R’000 Rentals of properties in possession R’000 Total R’000 Revenue 9,974 4,753 14,727 Cost of sales (324) - (324) Other income 35 484 519 Operating expenses (11,031) (3,002) (14,033) Operating (loss)/profit (1,346) 2,235 889 Investment revenue 23 30 53 Impairment of property in possession - (971) (971) Depreciation on property, plant and equipment (44) (4) (48) Finance costs - (685) (685) Amortisation of intangible asset (1,321) - (1,321) Impairment of goodwill (3,397) - (3,397) (Loss)/profit before tax (6,085) 605 (5,480) Tax 800 (194) 606 (Loss)/Profit for the year from discontinued operations (5,285) 411 (4,874)
AFRICAN DAWN 2018 Annual Report
To see the actual publication please follow the link above